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Ashford Prime Announces Concurrent Public Offerings Of 1,150,000 Shares Of Convertible Preferred Stock And 5,750,000 Shares Of Common Stock

Mar 01, 2017 - PR Newswire

 Ashford Hospitality Prime, Inc. (NYSE: AHP) ("Ashford Prime" or the "Company") announced today that it has commenced concurrent underwritten public offerings of 1,150,000 shares of 5.50% Series B Cumulative Convertible Preferred Stock (the "Preferred Stock") and 5,750,000 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"). Dividends on the Preferred Stock will accrue at a rate of 5.50% on the liquidation preference of $25.00 per share. The Company expects to ...